Trevian Care II Ky divests a care property portfolio of € 65 million

By Trevian / December 21, 2016Press releases | Trevian Care

Trevian Care II Ky, a real estate equity fund managed by Trevian Asset Management Oy, has on 20 December 2016 executed the sale of a portfolio comprising of 11 care property assets to a fund managed by AXA Investment Managers – Real Assets. The size of the divestment is around 65 million euros. The properties are located in Helsinki region and other major Finnish cities and they have long-term leases with major private care operators.

“We are pleased to hand our care portfolio over to the new owner, and to be able to bring again a new investor to the Finnish care property markets. There would still have been few years left of our original fund term, but the divestment is an example of Trevian’s approach of proactive and flexible fund management. We are very satisfied with both portfolio exits performed during this autumn, which together generate to our investors a net IRR return of more than 20 %, exceeding the original return targets significantly”, said Maria Söderman, Portfolio Manager at Trevian Asset Management Oy.